UAE BANK ACCOUNT OPENING
At Adler & Partners we are thrilled to offer comprehensive Bank Account opening services tailored specifically for corporate entities in the UAE. With our deep understanding of local regulations and extensive expertise, we are the ideal partner to guide you through the process of opening a Corporate Bank Account in this dynamic and lucrative market.
By choosing our services, you benefit from our impressive network of partner banks in the UAE. We have established strong relationships with reputable financial institutions, enabling us to offer a wide selection of banking options tailored to your specific business needs. Whether you require a corporate account for a Mainland Company, a Free Zone entity, or an Offshore setup, we have the knowledge and connections to find the ideal banking solution for you.
Corporate Bank Account
Corporate Bank Account opening is an essential component of running a successful business in the UAE. It offers businesses a wide range of financial management tools, convenience, security, and credibility, as well as allows you to conduct business activities professionally and compliantly.
Main eligibility requirements:
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UAE-registered company must have adequate substance in the UAE
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Shareholders must have previous business experience in a pointed business activity (ies)
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Shareholders can proof their funds
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Business activity, curtain countries or jurisdiction the company is registered in are not considered as high-risk according to UAE Central Bank
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Businesses must be able to ensure some financial aspects as initial deposit, relatively high annual turnover, competitive minimum monthly balance
Personal Bank Account
With a UAE Personal Bank Account, you can access a wide range of banking services. A personal bank account in the UAE allows individuals to receive their salaries, send and receive money from overseas, exchange foreign currencies, and make cross-border investments.
Main eligibility requirements:
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Providing identification documents as UAE residency visa and Emirates ID, international passport
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Providing proof of address (ejari)
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Providing utility bills for the last 2 months
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Providing salary certificate (if applicable)
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Having local phone number is obligatory
Company Bank Account Opening Process in the UAE
An account opening process in the UAE can take several months, and corporate documents that expire quickly must be meticulously prepared. With multiple bank applications submitted simultaneously, Adler & Partners has you covered.
Follow these steps to open a bank account quickly:
STEP 1
Submit required documents
STEP 2
Go through the KYC and AML due diligence process in person/ digitally
STEP 3
Sign account opening forms in person
STEP 4
Deposit initial funds (if applicable)
STEP 5
Get your Bank Account opened and activated
Required Documents
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Company corporate documents
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Visa and Emirates ID of all shareholders
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CV of all shareholders
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Last three to six months’ bank statements
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Proof of address (utility bill or tenancy contract)
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Company profile
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VAT registration (if applicable)
We closely work with
Local Banks